News Brief

10/16/2011, Tishrei 18, 5772

Sharp Gains for Tel Aviv Stocks

Most of the indices on the Tel Aviv Stock Exchange posted sharp gains on a shortened trading day due to the Sukkot holiday. Trading was relatively active for a Sunday, when trading on the exchange usually does not involve international investors. The TA composite index rose 4.05 percent to 1,007.64. The TA 100 closed at 1,022.40, up 4.18 percent, including a 4.3 percent jump by the Maof 25 most-widely-invested issues to 1,131.34.

With the insurance issues rising 6.64 percent to 1,189.85, the financial index was the top sector, finishing the day at 992.32, up 6.48, followed by the communications and media stocks, which rose 4.62 percent to 834.97. The real-estate index closed at 287.23, up 4.57 percent and the Ma'ala index of socially-responsible companies closed at 873.41, up 3.93 percent.

Most of the technology stocks rose 3.19 percent to 271.78, while the biomed issues finished the day at 704.95, up 3.14 percent. The oil and natural gas index rose 3.1 percent to 1,092.44.